TORONTO, ONTARIO - Blacksands Petroleum, Inc. (OTC Bulletin Board: BSPE) (the "Company"or "Blacksands") announced today that Mr. Paul A. Parisotto has decided to resign as the President and CEO of the Company effective July 31, 2009. He will remain as a director of Blacksands as well as President and CEO of Access Energy Inc., the Company's 75% owned subsidiary.

The Board accepted Mr. Parisotto's resignation, and today appointed Mr. Mark Holcombe, currently an independent director of the Company, to serve as the Company's President and CEO effective August 1, 2009.

Mr. Holcombe founded Stirling Partners Limited in 2006, was the former Head of Corporate Development and Chief Compliance Officer at GEM Global Equities Management, S.A., an emerging market hedge fund, and was also an investment banker at DLJ and ING Capital in New York. Mr. Holcombe has over 18 years of natural resource industry and corporate finance experience. Since 2007, he serves on the board of Sandfield Ventures Corporation, PNG LNG Ltd. and Pacific LNG Operations LTD. Mr. Holcombe holds a B.A. from Colgate University.

Mr. Parisotto will be available to assist Mr. Holcombe with the transition as necessary.

About Blacksands Petroleum:

Blacksands Petroleum, Inc. is a public company (OTCBB:BSPE) engaged in the acquisition, exploration and development of conventional and unconventional oil and gas fields in North America.